Geopolitical uncertainty appeared to work in favor of gold, which although with marginal gains extended its bullish streak to five consecutive sessions. In particular, the December gold contract ended trading at $1,789.70 an ounce, having imperceptibly strengthened by 0.1%. The recent retreat in US bond yields had provided support for the precious metal, but after […]
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Mild rise for gold assessing uncertainty
The price of gold moved marginally higher today as investors evaluate the new economic data in an attempt to decipher the course of the Fed’s interest rates. Specifically, the most active gold contract for December delivery ended trading up $5.9, or 0.3%, to close at $1,787.7 an ounce. The dollar moved lower today, making gold […]
Mildly higher for gold assessing uncertainty
The price of gold moved marginally higher today as investors evaluate the new economic data in an attempt to decipher the course of the Fed’s interest rates. Specifically, the most active gold contract for December delivery ended trading up $5.9, or 0.3%, to close at $1,787.7 an ounce. The dollar moved lower today, making gold […]
Gold gains 3.2% weekly on Fed backdrop
Gold extended its bull run to end a positive week, as a weaker dollar following inflation data turned investor interest towards the precious metal. In this climate, his contract of gold August delivery completed transactions at $1,781.8 the ounce, rising 0.7% or $12.6. In the week the contract strengthened by 3.2%but even so for the […]
Gold jumps 1.8%, silver rallies nearly 7% in shadow of recession
Gold rebounded with gains that led to a more than three-week high today, as an unexpected drop in US GDP combined with a more dovish tone from the Fed yesterday appeared to underline the precious metal’s safe-haven status. Specifically, the gold contract for August delivery ended trading at $1,750.3 an ounce, up $31.2, or 1.8%. […]
Natural gas remains above 200 euros/MWh in Europe – Nervousness in the market
Natural gas in Europe is trading on Thursday after Russian flows through the Nord Stream 1 pipeline stabilized, although the stabilization comes at levels well below what the European economy needs for its energy security. Flows in the Russo-German pipeline, the main entrance passage for Russian gas to the European Union, are now moving steadily […]
Oil at weekly high as US inventories decline
Oil prices moved sharply higher after a report showed an unexpected drop in U.S. inventories, while Europe continues to face energy uncertainty as Russia turns off the natural gas tap. In particular, the September Brent contract strengthened by 2.2% to $106.7 a barrel, up $2.28. Accordingly, US WTI September rose 2.4% or $2.28 to $97.26 […]
Hold on gold with an eye on the Fed
Gold prices moved marginally, as investors appeared to await the Federal Reserve’s interest rate decisions before deciding on their position on the precious metal. Specifically, the August gold contract ended trading at $1,719.1 an ounce, showing a marginal increase of less than 0.1%, having strengthened by just $1.4. The US central bank is expected to […]
U.S. oil stockpiles draw significantly as U.S. exports hit record highs
Crude oil stocks in the US showed a significant decrease last week, against the background of the increase in the country’s exports to a historic high, as shown by the data of the competent energy authority. In particular, as the EIA informed, US oil inventories fell by 4.5 million barrels to 422.1 million in the […]
Jump to 215 euros for natural gas in Europe – It reached +12%
A jump of 7.6% is recorded in the price of natural gas in Europe, in the wake of the reduction of Russian flows through the Russo-German pipeline Nord Stream 1 to 20% of the total capacity (from 40% previously) as of this morning. The European Union approved on Tuesday an emergency plan for, in principle, […]
